Norwegian Air Shuttle ASA (OSL:NAS) Debt-to-Equity : 2.98 (As of Mar. 2024)

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What is Norwegian Air Shuttle ASA Debt-to-Equity?

Norwegian Air Shuttle ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr2,033 Mil. Norwegian Air Shuttle ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr14,212 Mil. Norwegian Air Shuttle ASA's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr5,443 Mil. Norwegian Air Shuttle ASA's debt to equity for the quarter that ended in Mar. 2024 was 2.98.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Norwegian Air Shuttle ASA's Debt-to-Equity or its related term are showing as below:

OSL:NAS' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.83 Med: 5.82 Max: 21.84
Current: 2.98

During the past 13 years, the highest Debt-to-Equity Ratio of Norwegian Air Shuttle ASA was 21.84. The lowest was -1.83. And the median was 5.82.

OSL:NAS's Debt-to-Equity is ranked worse than
92.86% of 882 companies
in the Transportation industry
Industry Median: 0.56 vs OSL:NAS: 2.98

Norwegian Air Shuttle ASA Debt-to-Equity Historical Data

The historical data trend for Norwegian Air Shuttle ASA's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Norwegian Air Shuttle ASA Debt-to-Equity Chart

Norwegian Air Shuttle ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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14.88

-1.83

2.87

2.40

2.43

Norwegian Air Shuttle ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															4.01	3.51	2.22	2.43	2.98

Competitive Comparison of Norwegian Air Shuttle ASA's Debt-to-Equity

For the Airlines subindustry, Norwegian Air Shuttle ASA's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Norwegian Air Shuttle ASA's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Norwegian Air Shuttle ASA's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Norwegian Air Shuttle ASA's Debt-to-Equity falls into.

Norwegian Air Shuttle ASA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Norwegian Air Shuttle ASA's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1713.3	+	12312.1)	/	5772.6
	=	2.43

Norwegian Air Shuttle ASA's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(2033.1	+	14211.6)	/	5443.4
	=	2.98

Norwegian Air Shuttle ASA (OSL:NAS) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Norwegian Air Shuttle ASA Debt-to-Equity Related Terms

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Norwegian Air Shuttle ASA (OSL:NAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Norwegian Air Shuttle ASA (OSL:NAS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NWARF:USA NASo:Sweden NASo:UK 0FGH:UK NWC:Germany

Address

Oksenoyveien 3, Fornebu, P.O. Box 113, Lysaker, NOR, NO-1366

Website

https://www.norwegian.com

Norwegian Air Shuttle ASA operates a short-haul network across the Nordics and to key European destinations. The group provides its customers with excellent quality at affordable fares with a network of more than 300 routes. The group has one operating segment, which is low-cost air passenger travel. Norwegian believes in affordable fares for all and offers quality flights at a low fare based on operational excellence and helpful, friendly service.

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